How to Find good stocks simply in the Indian Stock Market ?
How to Find good stocks simply in the Indian Stock Market ?
The Sensex Crossed 37,000 points in the Bombay Stock Exchange(BSE) and Nifty50 has been got its support level at 11,000 and now it is trading above 11,200 points in the National Stock Exchange (NSE). The Election dates were also been announced in the last week, currently there are no other news that cannot bump into the Indian Stock Market, except the election messages.
Generally, the Indian Stock Market's Indices have remained largely in the course of every Parliamentary election days. After the results of the election, the market has been mostly reached in a certain level and thereafter it went on Bullish. In this Current year 2019, it was seen as a period of time to buy shares between March and May. However, it is the challenge now to find out the good stocks as an Investor.
While most of the stocks is on the rise, if the market is Bullish. But, Good and valuable shares only will give the investor a better return for the next five to ten years. Rather, the wrong stocks (Not at a good value or business) will be thrown out, as the price will fall down later. So, it is necessary to select good stocks in the Market.
Although there are so many websites to choosing a good stock based on Fundamental Analysis, but some are free to choose on getting financial data about the Listed Companies. In that sense, a site called Screener.in is used to simplify the information of the stocks and very helpful for the Retail and small investors. If we use it wisely, we can find the good shares for ourselves.
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price - Warren Buffet (The Value Investor)
Go to the Screener.in
Register yourself as a free, to get a deep information of the Stocks.
In the top of the page, on the right side you can find it a Plus Sign to create a New Screen. You can also find other users' Screen queries in this website. Don't just blindly follow the other users' screens. Better use it to create and research it yourself.
While clicking the Create a New Screen (Plus Symbol), you find there is a query box, ' Create a Search Query '. In the right side of the box, there is an example how to create a custom query by yourself.
https://www.screener.in/guides/creating-screens/
I have given below about two custom queries to screening. Check it out and you can find a few stocks based on these queries. After that Open up of the available shares by clicking the Stock Name. Explore it and do your own research on Fundamental Analysis.
Note: See if you can understand the business of the Chosen Stocks. Only take a look at the stocks of understandable business and then take a look at the current share price, which is at fair value.
Kindly share your views / comments with a smile :)
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